Pre-market: Early gains likely

The Sensex is likely to open on a positive note following a strong close on Friday. The index moving close to its all-time high and hence is likely to counter more selling pressure on every upmove.

The index is likely to face resistance around 12,085-12,105-12,130 levels. On the downside, the index may find support around 11,935-11,910-11,890 levels.

According to market analyst Shah, the Sensex is likely to exihibit strength as long as the index holds above the 11,880 level. On the upside, the index may face resistance around 12,200 level.

Stocks to watch today are Reliance, MphasiS BFL, NDTV and banking stocks.